Shares of Defiance's leveraged Strategy (MSTR) exchange-traded funds (ETFs) experienced a surge in activity as the price of bitcoin fell to its 200-day moving average. The Defiance daily target 2x long MSTR ETF saw a record 24.33 million shares change hands, while the Defiance daily target 2x short MSTR ETF had a trading volume of 51.21 million. MSTR's share price fell 16.6% to its 200-day simple moving average, reaching its lowest point since September. Strategy, which holds 499,096 BTC, also announced a $21 billion offering of its preferred stock to finance more bitcoin purchases.



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